(1) The Treasury may, by order, make such modifications of the transfer provisions as it thinks appropriate to facilitate, or in consequence of, the transfer of the whole of the business of a mutual society (the transferor) to a subsidiary of a mutual society (whether or not of the same type) (the transferee).

(2) An order under this section may make provision as to the rights (including rights of and pertaining to membership) in relation to the mutual society of which the transferee is a subsidiary-

(a) of the members of the transferor;

(b) of persons who, after the transfer, become customers of the transferee.

(3) An order under this section may confer such functions on the Financial Services Authority as the Treasury think appropriate.

(4) An order under this section-

(a) may make such consequential, saving, supplementary or transitional provision as the Treasury think appropriate;

(b) may make different provision for different purposes.

(5) The power to make an order under this section is exercisable by statutory instrument.

(6) An order which-

(a) makes modifications of a provision mentioned in paragraph (a), (b) or (c) of subsection (11), or

(b) amends paragraph (a) or (b) of subsection (13),